Pulse of Truth

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How Sweden's push to go cashless has left consumers and the country vulnerable to online fraud; value of fraudulent transactions has doubled since 2021 (Bloomberg) (www.techmeme.com)

submitted 2 months ago by [email protected] to c/[email protected]

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Bloomberg: How Sweden's push to go cashless has left consumers and the country vulnerable to online fraud; value of fraudulent transactions has doubled since 2021 — Sweden has led the way in Europe in going cashless, but fast and easy digital commerce have left consumers and the state vulnerable to fraud.

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[–] [email protected] 4 points 2 months ago (1 children)

when new technologies roll out to replace old methods of doing things, governments should work harder on tech literacy surrounding these new solutions.

[–] [email protected] 2 points 2 months ago (1 children)

Whenever we introduce new stuff like this we limit the experiment to youngsters and keep around the old reliable as a failsafe.

All it takes for any software to fail is pulling the plug.

[–] [email protected] 2 points 2 months ago

So you think banking would in any way still work with the plug pulled?